During a panel discussion at the Boao Forum for Asia (BFA) Annual Conference, executives from foreign-funded enterprises and officials from international institutions said they remained bullish on China's economic growth in 2024, noting that innovation, consumption and green development will constitute a new China story.
China has not only become the world's top filer of patent applications but also the top contributor of green technologies to the World Intellectual Property Organization (WIPO)'s green technology sharing platform, the head of the WIPO said on Thursday.
Putting all the blame on China for economic problems in the US seems like an easy way for the Biden administration to pass the buck. However, the more that people ...
Japan aims to develop a next-generation passenger aircraft by around 2035, with a plan to mobilize a combined 5 trillion yen ($33 billion) in public and private investment over the ...
China urges the US to immediately correct its wrongdoings and stop its illegal unilateral sanctions and long-arm jurisdiction against Chinese companies, Chinese Foreign Ministry spokesperson Lin Jian told a routine press conference on Friday, commenting on a reported list being ...
Chinese companies that have operations in Australia reported steady growth in 2023, with 57.5 percent of firms surveyed saying they made a profit last year. Meanwhile, they called on the Australian government to provide a sound business environment for foreign ...
Chinese tech giant Xiaomi held a launch event for its first electric vehicle (EV) model, the Speed Ultra 7 (SU7), in Beijing on Thursday. It marks the smartphone giant's entry into the competitive and challenging Chinese new energy vehicle (NEV) ...
Amid a global low-carbon transition and ramped-up efforts for combating climate change, green development has become a focal point for the Boao Forum for Asia (BFA) Annual Conference 2024 in South China's Hainan Province from Tuesday to Friday, with a ...
China's top legislator Zhao Leji on Thursday reaffirmed China's commitment to continuously opening up its market to the world. He said that Chinese modernization through high-quality development will inject strong impetus into the global economy during a keynote speech at ...
Recently, major projects across Shandong Province have been moving forward vigorously, with a focus on increasing effective investment and accelerating construction for earlier operations. State Grid Jining Power Supply Company has proactively intervened by ramping up power grid building and ...
China's Ministry of Commerce (MOFCOM) announced on Thursday a decision to cancel anti-dumping and anti-subsidy tariffs levied on Australian wine, effective on Friday.
Currently, innovation from the US is much less than it was in the past, and there is almost no innovation coming from Europe. Therefore, China can become a major source of global economic innovation. This is a valuable opportunity for ...
China accelerates telecommunication innovation with the commercial deployment of 5G-Advanced (5G-A) network, revealing plans to establish the world's largest 5G-A commercial network. It is part of the country's latest efforts in advancing its internet infrastructure and propelling innovation.
Ensuring a stable and smooth global supply chain serves the interests of all, and is a responsibility that should be shared by all parties, including the US, a Chinese Foreign Ministry spokesperson said on Thursday, in response to comments made ...
“Choosing China means choosing opportunities,” He Yadong, spokesperson of Ministry of Commerce (MOFOCM) said on Thursday, when asked about the recent surge of visits by global CEOs to the country.
A well-calibrated fiscal and monetary policy combination, being crafted and orchestrated by Chinese government, will help resolve the intrinsic problems hidden in China's economy. An aggressive fiscal stimulus, coupled with proactive while prudent monetary policy, is generally thought to provide ...
Driven by rapid technological advancement, China is expected to see a compound annual growth rate (CAGR) of 86.2 percent for generative artificial intelligence (AI) investment between 2022 and 2027, according to a newly released report from Research firm IDC, showcasing ...
China's Ministry of Commerce (MOFCOM) announced on Thursday a decision to cancel anti-dumping and anti-subsidy tariffs levied on Australian wine, effective from Friday.
China announces an end to anti-dumping tariffs on Australian wine: MOFCOM
The Chinese side considers the Netherlands a reliable trade partner and hopes the Netherlands can uphold the spirit of contract to support companies fulfill contract obligations to ensure the regular trade of lithography machines, Chinese Commerce Minister Wang Wentao said ...
A joint report released on Wednesday showed that China continues to lead in the comprehensive trust index, ranking first among all countries surveyed.
Efforts are being made in the building of long tunnels in the Himalayan region, with Chinese companies setting a record by digging 1,503.3 meters of tunnel in a month at the Sunkoshi Marin Diversion Project in Sindhuli, Nepal, the Science ...
About 92 percent of trade settlement between Russia and China is now conducted in Russian rubles and Chinese yuan, Russian Deputy Prime Minister Alexei Overchuk said on Wednesday at the ongoing Boao Forum for Asia in South China's Hainan Province.
US memory chip giant Micron Technology has broken ground at its new plant in Xi'an, Northwest China's Shaanxi Province, the company announced on Wednesday.
China has filed a complaint at the World Trade Organization (WTO) over discriminatory subsidies on new-energy vehicles (NEVs) under the US Inflation Reduction Act (IRA). When reporting on China's actions, some Western media outlets made a special mention of how ...
The significance of Mark Rutte's visit should not be solely focused on the chip sector, as it actually presents a unique opportunity for China and the Netherlands to enhance their mutual understanding in terms of potential economic and trade cooperation.
Chinese train maker CRRC's withdrawal from a Bulgarian train tender adds to the evidence suggesting the EU side has wielded the Foreign Subsidies Regulation (FSR) as a new tool to deter foreign companies, coercing them into withdrawal and subsequent business ...
Observing the theme of high-quality development in the Chinese economy, one should not only look at the size, but also the quality. Combining growth data and efficiency data from recent years, the Chinese economy has not peaked at all, but ...
China's technological development in the field of artificial intelligence (AI) has been rising rapidly amid its efforts to develop new quality productive forces, with some of the Chinese models being comparable to GPT-4 in some ways, top global experts and ...
China and Australia are almost the perfect partners, with the Chinese market to benefit the Australian public especially amid improved bilateral ties, Fortescue Metals CEO Dino Otranto told the Global Times on Wednesday in an exclusive interview on the sidelines ...
We are confident about the Chinese economy and its long-term growth potential. And we are committed to continuing to invest in China, for China, said Milind Pant, CEO of Amway.
Central bank officials and financial regulators from several Asian countries on Wednesday called for expanding currency swap arrangements through both bilateral and multilateral mechanisms to support cross-border trade and investment and reduce reliance on the US dollar, as part of ...
China's development has gone through all sorts of difficulties and challenges to get to where it is today. It has not collapsed in the past because of the “China collapse” theory, and it will not peak now because of the ...
The power line upgrade project led by State Grid Nanjing Power Supply Company along Zhongshanmen Avenue in Nanjing, capital of East China's Jiangsu Province, has entered the final stage, with completion expected within a month.
The Chinese Foreign Ministry on Wednesday commended Mexican President Andres Manuel Lopez Obrador's remarks that Mexico doesn't want a trade war with China.
Beijing has further loosened the city's housing policy, with a former measure that restricts certain people from buying new homes in the city nullified on Wednesday, according to the latest information on the city's official website for housing on Wednesday. ...
Global leading financial institutions,including Neuberger Berman and Fidelity International, have announced moves to increase their registered capital or set up branches in China recently, highlighting their confidence in the future of the Chinese economy as well as vast opportunities the ...
Chinese short video platform Douyin has banned the use of artificial intelligence generated content (AIGC) to create and post content that goes against science, fabricates information, or spreads rumors, according to a notice on its WeChat account on Wednesday.
China's development of new quality productive forces is creating new products, new technology and new business models, which will broaden the room for global economic sharing and mutual development, injecting impetus into the world's development, Chinese Foreign Ministry spokesperson Lin ...
Chinese Foreign Ministry on Wednesday commended Mexican President Andres Manuel Lopez Obrador's remarks that Mexico doesn't want a trade war with China.
Since its establishment in 1945, Wipro has evolved into a global conglomerate boasting a diverse portfolio of businesses, especially since 1984. The group is present in more than 60 countries and regions, encompassing more than 37 brands covering personal care, ...
Apple is witnessing a substantial drop in iPhone shipments in China, with a 33-percent reduction in February from the previous year, as the US company faces rising competition from Chinese domestic rivals such as Huawei and Xiaomi.
Profits of China's industrial enterprises above the designated size rose 10.2 percent in the first two months of 2024, reversing from the 2.3-percent decline in 2023, the latest government data showed on Wednesday.
China said on Wednesday it welcomes World Trade Organization (WTO)'s ruling on the country's anti-dumping complaint against Australia, while calling for the Australian side to meet China halfway to jointly safeguard multilateral trade system and boost healthy development of China-Australia ...
China's industrial profits up 10.2% in Jan-Feb
"This initiative plays a crucial role in promoting cultural understanding and exchange. By exposing African journalists to the cultural, historical, and economic diversity of the province of Jiangsu, it fosters intercultural dialogue and strengthens ties between our two regions," Elhassan ...
Senior trade officials and experts on Tuesday stressed the significance of further enhancing WTO's role in promoting global trade amid the current fragmentation, while the "decoupling" practices implemented by the US and some Western countries will affect other economies.
The Boao Forum for Asia (BFA) convened its annual conference in Boao, South China's Hainan Province on Tuesday, with officials and other participants calling for unity and cooperation in Asia and around the world to jointly tackle rising regional and ...
Ahead of Sri Lankan Prime Minister Dinesh Gunawardena's visit to China, which began on Monday and continues through Saturday, foreign media outlets have again hyped the so-called "debt trap" theory, but such an outrageous lie is not beneficial for the ...
An alternative Asian supply chain to replace China, as some Western media outlets have suggested, is not feasible, said an author of a report released on Tuesday by the Boao Forum for Asia (BFA), which convened its 2024 conference in ...
Experts have expressed excitement about the potential for artificial intelligence (AI), at the Boao Forum for Asia in South China's Hainan Province. Zhang Keke, director of the Macau Institute of Space Technology and Application, told the Global Times that Mars ...
China continues to expand its agricultural and food product market access, fostering a globally shared market and generating new development opportunities for the world. As part of recent developments in the sector, 38 Brazilian meat enterprises were granted export qualifications ...
Apple has reportedly sought a partnership with Chinese search engine Baidu to provide generative AI solution in its devices sold in China. The US tech company is introducing AI to augment its operating system and other software.
China's Ministry of Commerce (MOFCOM) and the Beijing municipal government on Tuesday held a special session in Beijing, a sub-activity of the "Invest in China" Summit, as one of the country's efforts to attract more foreign investment. During the session, ...
At a time when some in Washington persist in protectionist measures, the latest partnership between CATL and Tesla is a refreshing case that exemplifies the mutual benefits stemming from technological and industrial development in both countries.
Chinese science and technology have made rapid progress and significant achievements over past decades. While supporting the high-quality development of the domestic economy and leading the continuous upgrading of industries, Chinese science and technology endeavors have also made important contributions ...
Former US secretary of commerce Carlos Gutierrez told the Global Times on Tuesday on the sidelines of the ongoing Boao Forum for Asia (BFA) Annual Conference 2024 that China has been a leader in many ways, including electric vehicles (EVs) ...
Despite the complex and volatile international environment, foreign financial institutions continued to increase their investment in China since the beginning of 2024, representing a vote of confidence in the prospects of the Chinese economy and eyeing more opportunities brought about ...
A spokesperson from the Ministry of Industry and Information Technology (MIIT) announced plans to enhance industrial innovation and accelerate AI-driven manufacturing, led by large language models, to speed up the development of new quality productive forces and the establishment of ...
China has lodged a World Trade Organization (WTO) dispute complaint over discriminatory subsidies on new-energy vehicles (NEVs) under the US Inflation Reduction Act (IRA), a Chinese Ministry of Commerce (MOFCOM) spokesperson said on Tuesday.
Chinese Customs' revising soybean import data for the January-February period last year was caused by a technical issue, and the change would provide more accurate statistics, officials from the China's General Administration of Customs (GAC) said on Tuesday.
"The engine of global economic growth" and "the main contributor to global economic growth" are terms often mentioned by overseas media and observers when discussing the Chinese economy. In the past decade, China's contribution to global economic growth exceeded the ...
China's central government expenditure is expected to rise 8.6 percent year-on-year in 2024, which will grow by only 0.3 percent from a year earlier, as the government pledges to live on a tight budget, an official with the Ministry of ...
Despite differences and uncertainties, the Asian economy is projected to sustain a strong growth rate in 2024, accounting 49 percent of the world's GDP, and its growth rate is expected to reach 4.5 percent, continuing to be the largest contributor ...
China's property market is showing positive signs, with a solid foundation for long-term stable development and a limited impact on the financial system, China's central bank governor said at the China Development Forum (CDF) on Monday.
High-level Chinese officials on Monday met with heads of global organizations and business leaders as the China Development Forum (CDF) concluded in Beijing, reaffirming China's pursuit of high-quality development and high-level opening-up to create more opportunities for the world.
The CEOs of some leading US semiconductor companies visited China this week to attend the China Development Forum (CDF) in Beijing, expressing their commitment to the Chinese market and willingness to pursue cooperation.
It is ironic that some Indian elites seem oblivious to the significant gap between the state of the Indian industry and their lofty EV target. Instead of addressing this disparity, they appear obsessed with the idea of excluding China from ...
China pledges to build a national integrated computing power network, in an effort to optimize the distribution of computing power and provide better services for the development of the digital economy, the head of National Data Bureau (NDB) said on ...
Amid hype by US politicians and media outlets about geopolitical tensions, Apple CEO Tim Cook has become a frequent visitor to China. He is actually in a position to attract public attention, as his visit, to some extent, mirrors the ...
Chinese tech giant Xiaomi put its new electric vehicle (EV) on display on Monday in 60 stores across 29 cities in China. The company is aiming to become a new leading player in China's fiercely competitive EV market.
In a move to strengthen economic ties with China, Markus Söder, the governor of the German state of Bavaria, embarked on a five-day visit to China. The visit is seen as a significant step toward enhancing economic cooperation between the ...
The Financial Mega Event Week kicked off in the Hong Kong Special Administrative Region (HKSAR) on Monday, with a series of top-tier international conferences and exhibitions taking place, creating enormous business opportunities from the mega event economy and showcasing the ...
The Chinese Foreign Ministry on Monday refuted Paraguayan President Santiago Pena's statement claiming that the country continues to export soybeans to China despite relations between Paraguay and the island of Taiwan.
The China Development Forum (CDF), being held in Beijing, has sent a clear message of China's robust economic recovery and its opening-up to the world, injecting certainty and positive momentum into the global economy, Chinese Foreign Ministry spokesperson Lin Jian ...
During his closely watched trip to China, Apple CEO Tim Cook notably did not mince words when talking about the critical role China plays for the US tech giant.
Top executives from multinational companies like Aramco, FedEx, Rio Tinto and Mercedes-Benz reiterated on Monday China's key role in their global operations, expressing their willingness to enhance cooperation with the world's second largest economy. The executives believe that China high-quality ...
Artificial intelligence technology is playing an increasingly important role in driving the global economy, which has also featured prominently in the Hurun Global Rich List for 2024. More than half of this year's new wealth comes from AI-related innovation, the ...
Asia's first deep-water jacket, Haiji-2, was launched in the Pearl River Mouth Basin of the South China Sea on Monday, setting multiple records in Asia, which will advance the country's offshore oil and gas exploration capability.
Fares for outbound flights from Moscow to China surged after the deadly terrorist attack, especially for direct flights to Beijing and Shanghai operated by Chinese carriers.
The Chinese government pledges to create a more favorable business environment for overseas investors by unswervingly implementing the high-quality opening-up policy. In March and April, the China Development Forum (CDF) and the Boao Forum for Asia (BFA), will be convened ...
Chinese Commerce Minister Wang Wentao met with global executives including Apple CEO Tim Cook, Qualcomm CEO Cristiano Amon and Visa Inc CEO Ryan McInerney ahead of an annual international event in Beijing, underscoring China's commitment to expand high-level opening-up in ...
Kimi chatbot, a large language model (LLM) application, has been gaining popularity, leading to a new wave of investment enthusiasm in the field of artificial intelligence (AI) and fueling hot discussion about the commercial prospects of LLMs in China.
Dutch Prime Minister Mark Rutte will pay a visit to China next week and topics involved during the visit could include whether chipmaking equipment producer ASML, the EU's most valuable firm, can continue to service its computer chip equipment sold ...
As China ramps up efforts to promote new quality productive forces, a group of Chinese and foreign officials as well as institutions which participated in the China Development Forum 2024 (CDF) on Sunday expressed their optimism about its development prospects, ...
The island of Taiwan recently released data showing that the region had seen more than $10 billion in tariff reductions from the Chinese mainland after 13 years of the implementation of the Economic Cooperation Framework Agreement (ECFA), highlighting the massive ...
Under the current complicated backdrop of mounting US pressure on South Korea and other countries to isolate China from the global semiconductor supply chain, South Korean chipmaker SK Hynix's latest remarks deserve attention as a window to observe the growing ...
Chinese Premier Li Qiang on Sunday offered a powerful reassurance for global business leaders about China's economy and its steadfast opening-up, saying at a major forum in Beijing that China's economy has strong resilience, vast potential and sufficient vitality and ...
Generative artificial intelligence (AI) is rapidly emerging and shaking up the world like few things before. Global businesses, led by big tech companies, are racing to train their AI models with vast amounts of data and carefully crafted algorithms in ...
Zheng Shanjie, head of the National Development and Reform Commission, said on Sunday that China is accelerating to publicize the negative list for foreign investment for 2024, a move to further promote the nation's cross-border service trade and high-quality opening-up. ...
The Chinese government work report submitted on March 5 to the national legislature set an "around 5 percent" GDP growth target for 2024, and China's pursuit of new quality productive forces has become a major focus at the two sessions ...
The rapid development of the Global South is having a significant impact on the world economic and political landscape. Propelling indigenous development and accelerating economic modernization remain crucial tasks faced by the developing countries in the Global South, so it ...
China will continue to be a key contributor to global economic growth against a backdrop of an expected over 3 percent global growth this year and next, and there are tremendous opportunities in the world's second largest economy, Kristalina Georgieva, ...
French-based airplane manufacturer Airbus said the strong business environment in China has offered them opportunities for the aviation supply chains and that they will continue seeking new chances as China is providing a high level opening-up and taking concreted measures ...
China has introduced new regulations aimed at refining its data security assessment standards for cross-border data transfers, the Cyberspace Administration of China (CAC) announced on Friday. These new rules specify the conditions under which data exports do not require a ...
China on Friday released its first nationwide negative lists for cross-border services trade, containing 71 items in 11 sectors as part of the country's efforts to open up, according to China's Ministry of Commerce (MOFCOM).
China's National Energy Administration (NEA) released its 2024 energy work plan on Friday, laying out a roadmap aimed at bolstering the green and low-carbon transition of the country's energy sector while boosting energy security.
Chinese Premier Li Qiang will deliver a keynote speech at the China Development Forum's annual meeting, which is scheduled to take place from Sunday to Monday and is expected to draw more than 110 foreign guests, including leaders of the ...
Improvements in the China-Australia bilateral relationship give Australian companies greater confidence about seizing trade and investment opportunities in this market, Vaughn Barber, AustCham China Chair, told the Global Times in an exclusive interview on Friday, with good prospects expected as ...
Chinese Vice President Han Zheng will attend and deliver a speech at the "Invest China" event in Beijing on March 26, the Chinese Commerce Ministry (MOFCOM) said on Friday. The high-profile event demonstrates China's strong commitment to attracting foreign investment ...
In response to EU's mandate for customs registration and possible retrospective tariffs on electric vehicle (EV) imports from China, the Chinese Foreign Ministry has voiced opposition against the trade protectionism measures, advocating for cooperation and mutual benefit in the industry. ...
The US' recent suppressive measures targeting Chinese enterprises and industry players in various sectors only show that the US cannot compete with China under conventional trade rules, so it is implementing trade restrictions by abusing the concept of national security ...
Many foreign journalists said on Thursday that they were impressed by the rich history, natural beauty, as well as prosperity in East China's Jiangsu Province, as they visited the province as part of “Travelogue of China,” a media exchange program. ...